<p><strong>黑石集團</strong> (NYSE: BX) 的股票在週二下滑。該公司透露，其旗艦私募信貸基金在第一季度經歷了異常大量的客户撤資，導致股價跌至兩年低點。</p>
<ul>
<li>黑石的股票接近關鍵低點。為什麼 BX 股票會處於低位？</li>
</ul>
<h2>撤資壓力加大</h2>
<p>黑石允許投資者從其 820 億美元的私募信貸基金 BCRED 中撤回 37 億美元——遠高於通常水平——在新承諾後淨流出 17 億美元， 據路透社報道。</p>
<p>贖回請求達到了基金的 7.9%，超過了通常的季度限制 5%，促使黑石暫時提高上限以滿足所有撤資請求。該公司及其員工還注入了 4 億美元以幫助滿足贖回。</p>
<h2>私募信貸領域的擔憂加劇</h2>
<p>此次拋售發生在 2 萬億美元的私募信貸市場面臨更大審查的時刻。投資者對估值實踐、透明度以及服務於富裕個人的基金的穩定性提出了質疑。競爭對手 <strong>藍貓資本</strong> <strong>Inc</strong> (NYSE: OWL) 最近在處理贖回方面的問題進一步加劇了這種不安。</p>
<p>上週，英國抵押貸款貸方 Market Financial Solutions 的倒閉進一步動搖了貸方，並重新引發了對該行業可能出現更多隱藏風險的擔憂。</p>
<p>研究公司 RA Stanger 警告稱，替代投資可能正進入一個&#34;急轉彎&#34;，預測 2026 年 BDC 融資將同比下降 40%，類似於 2023 年富裕投資者的房地產基金所經歷的急劇放緩。</p>
<h2>技術面分析</h2>
<p>黑石目前處於所有關鍵移動平均線之下，顯示出看跌趨勢。該股票交易價格比其 20 日簡單移動平均線低 13.1%，比 50 日簡單移動平均線低 23.3%，甚至比 100 日和 200 日簡單移動平均線更低，這表明其價格走勢持續疲軟。</p>
<p>相對強弱指數（RSI）目前為 30.39，雖然被視為中性，但接近超賣區域，表明黑石的股票可能正在經歷下行動能。MACD 在其信號線以下，顯示出對股票的看跌壓力。這表明，除非動能發生顯著變化，否則下行趨勢可能會持續。</p>
<p>在過去 12 個月中，黑石的股票下跌了 30.60%，突顯出顯著的看跌趨勢。這一表現反映了更廣泛的市場挑戰和可能繼續影響股票的投資者情緒。</p>
<p><strong>BX 價格動態：</strong> 黑石的股票 在週二發佈時下跌了 4.61%，報 110.01 美元。根據 Benzinga Pro，該股票接近其 52 周低點 109.25 美元。</p>
<p><em>圖片來源：Shutterstock</em></p>

黑石集團

全球上市私募股權 ETF - ProShares

<p>黑石集團（NYSE:BX）的股價正在下跌，達到兩年來的最低點，原因是其私人信貸基金 BCRED 出現了大量客户撤資。投資者撤回了 37 億美元，超過了通常的限制，導致淨流出達到 17 億美元。市場對私人信貸市場的穩定性和估值實踐的擔憂日益加劇，尤其是在競爭對手公司出現問題之後。黑石的股票目前低於關鍵的移動平均線，顯示出看跌趨勢，過去一年下跌了 30.60%。截至週二，股價下跌 4.61%，報 110.01 美元，接近 52 周低點</p>

<p><strong>Blackstone Inc</strong> (NYSE: BX) shares are sliding on Tuesday. The firm revealed that its flagship private credit fund saw an unusually large wave of client withdrawals in the first quarter, sending the stock down to a two‑year low.</p>
<div class="lb-trans"><p><strong>黑石集團</strong> (NYSE: BX) 的股票在週二下滑。該公司透露，其旗艦私募信貸基金在第一季度經歷了異常大量的客户撤資，導致股價跌至兩年低點。</p>
</div><ul>
<li>Blackstone shares are approaching critical lows. Why is BX stock at lows?</li>
</ul>
<div class="lb-trans"><ul>
<li>黑石的股票接近關鍵低點。為什麼 BX 股票會處於低位？</li>
</ul>
</div><h2>Pressure From Heavy Withdrawals</h2>
<div class="lb-trans"><h2>撤資壓力加大</h2>
</div><p>Blackstone allowed investors to pull $3.7 billion from its $82 billion private credit fund, BCRED — far above typical levels — leaving net outflows of $1.7 billion after new commitments, according to Reuters.</p>
<div class="lb-trans"><p>黑石允許投資者從其 820 億美元的私募信貸基金 BCRED 中撤回 37 億美元——遠高於通常水平——在新承諾後淨流出 17 億美元， 據路透社報道。</p>
</div><p>Redemption requests reached 7.9% of the fund, exceeding the usual 5% quarterly limit, prompting Blackstone to temporarily raise the cap so all withdrawals could be met. The firm and its employees also injected $400 million to help satisfy redemptions.</p>
<div class="lb-trans"><p>贖回請求達到了基金的 7.9%，超過了通常的季度限制 5%，促使黑石暫時提高上限以滿足所有撤資請求。該公司及其員工還注入了 4 億美元以幫助滿足贖回。</p>
</div><h2>Growing Concerns Across Private Credit</h2>
<div class="lb-trans"><h2>私募信貸領域的擔憂加劇</h2>
</div><p>The sell‑off comes at a time when the $2 trillion private credit market is facing heightened scrutiny. Investors have raised questions about valuation practices, transparency and the stability of funds that cater to wealthy individuals. Recent issues at rival <strong>Blue Owl</strong> <strong>Capital Inc</strong> (NYSE: OWL) — including concerns about how it handles redemptions — have added to the unease.</p>
<div class="lb-trans"><p>此次拋售發生在 2 萬億美元的私募信貸市場面臨更大審查的時刻。投資者對估值實踐、透明度以及服務於富裕個人的基金的穩定性提出了質疑。競爭對手 <strong>藍貓資本</strong> <strong>Inc</strong> (NYSE: OWL) 最近在處理贖回方面的問題進一步加劇了這種不安。</p>
</div><p>The collapse of UK mortgage lender Market Financial Solutions last week further rattled lenders and revived fears that more hidden risks may surface in the sector.</p>
<div class="lb-trans"><p>上週，英國抵押貸款貸方 Market Financial Solutions 的倒閉進一步動搖了貸方，並重新引發了對該行業可能出現更多隱藏風險的擔憂。</p>
</div><p>Research firm RA Stanger warned that alternative investments may be entering a &#34;hairpin turn,&#34; forecasting a 40% year‑over‑year drop in BDC fundraising in 2026, similar to the sharp slowdown seen in real‑estate funds for wealthy investors in 2023.</p>
<div class="lb-trans"><p>研究公司 RA Stanger 警告稱，替代投資可能正進入一個&#34;急轉彎&#34;，預測 2026 年 BDC 融資將同比下降 40%，類似於 2023 年富裕投資者的房地產基金所經歷的急劇放緩。</p>
</div><h2>What The Technical Side Tells Us</h2>
<div class="lb-trans"><h2>技術面分析</h2>
</div><p>Blackstone is currently positioned below all key moving averages, indicating a bearish trend. The stock is trading 13.1% below its 20-day SMA, 23.3% below its 50-day SMA and even further below its 100-day and 200-day SMAs, which suggests ongoing weakness in its price action.</p>
<div class="lb-trans"><p>黑石目前處於所有關鍵移動平均線之下，顯示出看跌趨勢。該股票交易價格比其 20 日簡單移動平均線低 13.1%，比 50 日簡單移動平均線低 23.3%，甚至比 100 日和 200 日簡單移動平均線更低，這表明其價格走勢持續疲軟。</p>
</div><p>The RSI is currently at 30.39, which is considered neutral but close to oversold territory, indiciating that Blackstone’s stock could be experiencing downward momentum. MACD is below its signal line, indicating bearish pressure on the stock. This suggests that the downward trend may continue unless there is a significant shift in momentum.</p>
<div class="lb-trans"><p>相對強弱指數（RSI）目前為 30.39，雖然被視為中性，但接近超賣區域，表明黑石的股票可能正在經歷下行動能。MACD 在其信號線以下，顯示出對股票的看跌壓力。這表明，除非動能發生顯著變化，否則下行趨勢可能會持續。</p>
</div><p>Over the past 12 months, Blackstone’s stock has declined by 30.60%, highlighting a significant bearish trend. This performance reflects broader market challenges and investor sentiment that may continue to weigh on the stock.</p>
<div class="lb-trans"><p>在過去 12 個月中，黑石的股票下跌了 30.60%，突顯出顯著的看跌趨勢。這一表現反映了更廣泛的市場挑戰和可能繼續影響股票的投資者情緒。</p>
</div><p><strong>BX Price Action:</strong> Blackstone shares were down 4.61% at $110.01 at the time of publication on Tuesday. The stock is trading near its 52-week low of $109.25, according to Benzinga Pro.</p>
<div class="lb-trans"><p><strong>BX 價格動態：</strong> 黑石的股票 在週二發佈時下跌了 4.61%，報 110.01 美元。根據 Benzinga Pro，該股票接近其 52 周低點 109.25 美元。</p>
</div><p><em>Image: Shutterstock</em></p>
<div class="lb-trans"><p><em>圖片來源：Shutterstock</em></p>
</div>

黑石集團的股票持續下跌：究竟發生了什麼？